On 1/27/14, International Shipholding Corp.'s 9.50% Series A Cumulative Redeemable Perpetual Preferred Stock (ISH.PRA) will trade ex-dividend, for its quarterly dividend of $2.375, payable on 1/30/14. As a percentage of ISH.PRA's recent share price of $106.90, this dividend works out to approximately 2.22%, so look for shares of ISH.PRA to trade 2.22% lower — all else being equal — when ISH.PRA shares open for trading on 1/27/14. On an annualized basis, the current yield is approximately 8.89%, which compares to an average yield of 8.39% in the "Transportation" preferred stock category, according to Preferred Stock Channel.
As of last close, ISH.PRA was trading at a 6.90% premium to its liquidation preference amount, versus the average premium of 4.79% in the "Transportation" category. The chart below shows the one year performance of ISH.PRA shares, versus ISH:
Below is a dividend history chart for ISH.PRA, showing historical dividends prior to the most recent $2.375 on International Shipholding Corp.'s 9.50% Series A Cumulative Redeemable Perpetual Preferred Stock :
In Thursday trading, International Shipholding Corp.'s 9.50% Series A Cumulative Redeemable Perpetual Preferred Stock (ISH.PRA) is currently trading flat on the day, while the common shares (ISH) are down about 1%.